[quote=patb][quote=davelj]I’m not saying he’s wrong, but… I’m filing this under: I’m Talking My Own Book, By the Way.[/quote]
i think with the destruction of asset prices?
no sign of inflation for a while[/quote]
UMMMM…..If you recall, throughout the 90’s and 00’s asset prices skyrocketed and there was NO INFLATION, or very little, officially.
The CPI DOES NOT consider asset prices. So, if asset increases did not go into the CPI calculation, asset decreases do not go into the CPI calculation.
The key here is what the FED wants you to believe.
Now that we do have asset deflation the FED wants us to worry about deflation yet when they were inflating they said, “don’t worry, it’s not really inflation”.
The reason for this twisting of facts is they want everyone to think that there is nothing wrong with printing dollars endlessly when we have this supposed “deflation”.
Check the price of all commodities.
Check the price of your utilities y over y, insurance, food, all living expenses and tell me if there is deflation.
Yep, if all you do is buy plasma tvs and computers there is deflation but most people spend their money on food, rent, utilities and insurance.
